Kossan Rubber Industries

Kossan Rubber Industries is a Kuala Lumpur based public limited company engaged in manufacture, sale, and export of rubber products.[1] It was founded by Dato’ Lim Kuang Sia in 1979.[2]

Kossan Rubber Industries
TypePublic
IndustryIndustrial and Medical equipments
Founded1979
FounderLim Kuang Sia
Headquarters
Malaysia
OwnerKossan Holdings (M) Sdn Bhd
Websitekossan.my

Company Overview

The company was founded in 1979 by Tan Sri Dato’ Lim Kuang Sia.[3][4] They initially produced cutlass bearing, and started manufacturing gloves in 1989. Today it has a production capacity of 25 billion pieces annually.[3][5][6] Its product segments include; technical rubber products, medical gloves, cleanroom products and others.[1][7] Its subsidiaries are;

  • Doshin Rubber Products (M) Sdn. Bhd. (1984)
  • Quality Profile Sdn. Bhd.
  • Premium Medical Products Sdn. Bhd.
  • Kossan Latex Industries (M) Sdn. Bhd. (1988)
  • Ideal Quality Sdn. Bhd.
  • Cleanera (M) Sdn. Bhd
  • Kossan International Sdn. Bhd.
  • Kossan Gloves Sdn Bhd.
  • Hibon Corporation Sdn. Bhd.(1977)
  • Cleanera HK Limited
  • KISB Asia Pacific Sdn. Bhd.(2010)
  • Kossan Industries Sdn. Bhd.

Kossan is one of the largest producer of disposable latex and nitrile gloves in Malaysia, the second largest in the world. They export to over 190 countries.[8][7] They are ISO 13485:2003, EN ISO 13485:2012, ISO 13485:2003-CMDCAS and ISO 9001:2008 certified[1] and is listed in Kuala Lumpur Stock Exchange.[5][3]

Their revenue in 2017 was RM 1.96 billion and net profit was RM182.06 million.[3][8]

In 2020, the COVID-19 global pandemic drove demands for rubber gloves. During this time, Kossan saw its stock value doubled. Kossan's founder, Dato' Lim Kuang Sia, became a new billionaire in Malaysia with a reported net worth of $1.1 billion. [9] The company is also expanding its production line in Bidor, Perak since there is a surge on gloves demand. [10]

In November 2020, the company donated a total of RM50 million to the Government’s COVID-19 fund set up to battle the pandemic.[11]

Partnerships

In 2017, the subsidiary of KRI, Doshin Rubber Products entered into a partnership with Universiti Teknologi MARA for mutual sharing of resources and expertise.[12]

References
  1. Editorial, Reuters. "${Instrument_CompanyName} ${Instrument_Ric} Company Profile | Reuters.com". U.S. Retrieved 2018-07-25.
  2. "Malaysia's top 40 richest people - Business News | The Star Online". www.thestar.com.my. Retrieved 2018-07-25.
  3. "Is Kossan Rubber Industries Bhd The Best Rubber Manufacturer To Invest In Now? | Value Invest Asia". Value Invest Asia. 2018-05-02. Retrieved 2018-07-25.
  4. "KOSSAN RUBBER INDUSTRIES : ASEAN Business Advisory Council Malaysia Chapter". aseanbac.com.my. Retrieved 2018-07-25.
  5. "KOSSAN LATEX INDUSTRIES (M) SDN BHD". www.mrepc.com. Retrieved 2018-07-25.
  6. "New factory will support company's growth – Kossan Rubber Industries Berhad | Rubber Journal Asia -News on Rubber machinery , Manufacturers , Rubber chemical producers and Rubber processors". rubberjournalasia.com. Retrieved 2018-07-25.
  7. "KOSSAN - Malaysian Brands". www.matrade.gov.my. Retrieved 2018-07-25.
  8. "Kossan to spend RM1.5b on new base". The Edge Markets. 2018-05-07. Retrieved 2018-07-25.
  9. "Covid-19 creates new billionaires in Malaysia, Thailand". Hindustan Times. 2020-06-16. Retrieved 2020-06-16.
  10. Looi, Sylvia. "Kossan Rubber Industries to build integrated factory in Bidor | Malay Mail". www.malaymail.com. Retrieved 2020-11-20.
  11. "Kossan, Top Glove, Hartalega and Supermax confirm donations to Govt's RM400 mil COVID-19 fund". The Edge Markets. 2020-11-06. Retrieved 2020-11-19.
  12. "Kossan Rubber Industries ties with UiTM for industry-university partnership". The Edge Markets. 2017-09-19. Retrieved 2018-07-28.
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